TMC the metals (NASDAQ:TMC) Earns Neutral Rating from Wedbush

Wedbush reiterated their neutral rating on shares of TMC the metals (NASDAQ:TMC) in a report published on Friday morning,Benzinga reports. The brokerage currently has a $4.00 target price on the stock. Wedbush also issued estimates for TMC the metals’ Q1 2026 earnings at ($0.04) EPS, Q2 2026 earnings at ($0.04) EPS, Q3 2026 earnings at ($0.04) EPS and Q4 2026 earnings at ($0.02) EPS.

Separately, Alliance Global Partners began coverage on shares of TMC the metals in a research report on Wednesday, January 15th. They issued a “buy” rating and a $3.75 price target on the stock.

TMC the metals Stock Performance

TMC the metals stock opened at $1.72 on Friday. TMC the metals has a one year low of $0.72 and a one year high of $2.55. The stock has a fifty day moving average of $1.78 and a 200 day moving average of $1.27. The stock has a market cap of $557.73 million, a PE ratio of -5.55 and a beta of 1.52.

TMC the metals (NASDAQ:TMC) last released its quarterly earnings results on Thursday, March 27th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.01. The business had revenue of ($20.18) million for the quarter. As a group, sell-side analysts predict that TMC the metals will post -0.22 EPS for the current fiscal year.

Institutional Trading of TMC the metals

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Gray Wealth Management Inc. lifted its position in shares of TMC the metals by 59.7% during the 4th quarter. Gray Wealth Management Inc. now owns 23,700 shares of the company’s stock valued at $27,000 after buying an additional 8,863 shares in the last quarter. Raymond James Financial Inc. bought a new stake in TMC the metals during the 4th quarter worth approximately $28,000. Oppenheimer & Co. Inc. purchased a new position in TMC the metals during the fourth quarter valued at approximately $28,000. Independent Advisor Alliance bought a new position in shares of TMC the metals in the fourth quarter worth approximately $42,000. Finally, Virtu Financial LLC purchased a new stake in shares of TMC the metals in the third quarter worth $44,000. Hedge funds and other institutional investors own 4.39% of the company’s stock.

About TMC the metals

TMC the metals company Inc, a deep-sea minerals exploration company, focuses on the collection, processing, and refining of polymetallic nodules found on the seafloor in California. It primarily explores for nickel, cobalt, copper, and manganese products. The company holds exploration and commercial rights in three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean.